Dixon Technologies (India) Limited experienced a significant rally in its stock price today, rising 5.68% to Rs 16,705.00, marking a new 52-week high of Rs 16,824.00. This surge resulted in a market capitalization gain of approximately Rs 5,400 crore, pushing the company’s total market cap to Rs 1,00,341.63 crore, crossing the coveted Rs 1 lakh crore milestone for the first time.
Dixon Tech shares rally 4% in trade after company to commence production of Google Pixel at Noida
Key Trading Highlights:
- Opening Price: Rs 16,025.00
- Day’s High: Rs 16,824.00
- Day’s Low: Rs 16,020.00
- Volume Traded: 7.6 lakh shares
- Value Traded: Rs 1,258.55 crore
Price Information:
- 52-Week High: Rs 16,824.00 (02-Dec-2024)
- 52-Week Low: Rs 5,391.00 (30-Nov-2023)
- Daily Volatility: 2.46%
- Annualized Volatility: 47.00%
Market Cap Gain Analysis:
The company’s market cap surged from Rs 94,941.63 crore at the previous close to Rs 1,00,341.63 crore, reflecting an impressive gain of Rs 5,400 crore in a single trading session.
Additional Context:
The robust rally aligns with positive market sentiment around Dixon’s growth prospects in the consumer electronics sector. The company continues to benefit from strategic partnerships, a healthy order book, and government support through the Production-Linked Incentive (PLI) scheme. Analysts remain optimistic about Dixon Technologies’ capacity to capitalize on India’s expanding electronics manufacturing industry.
Market Outlook:
Investors are bullish on Dixon’s long-term growth trajectory, backed by its consistent financial performance and strategic focus on backward integration.
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